Are you sure?

Forint firms against euro, franc in morning trade

The forint firmed below 270 to the euro on Wednesday morning, trading at 269.32 against the single European currency early afternoon, compared to a Tuesday afternoon rate of 270.66.

The Hungarian currency gather momentum after risk aversion eased following strong US corporate results, while investors are growing more hopeful about European Union's debt summit to be held later this week.

The forint also strengthened against the US dollar and the Swiss franc on Wednesday morning, trading at 189.20 to the USD and 230.67 to the CHF early afternoon, compared to Tuesday afternoon rates of 190.58 and 231.97.